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Ferrari threatening to pull out of F1

FORMULA ONE is standing at a fork in the road because of Ferrari's threat to withdraw from the series.

As one of the world's most iconic brands, Ferrari has been pivotal in making F1 one of the most successful sporting series in the world, generating a total annual income of about £1billion. The two entities - F1 and Ferrari - have benefited symbiotically as the standing and recognition of each has benefited the other and for the past two decades at least, the relationship has been very close.

Since last year, Ferrari team boss Luca di Montezemelo has headed a team body, Fota, that represents the interests of all the teams and it is a position that has put him in regular conflict with both the governing body's president Max Mosley and Bernie Ecclestone, the representative of the commercial rights holder.